Let us say we have a good client which is a recognizable brand in the market, their payment terms is net 45 and time taken for us is 65 hours, So our base price becomes 65 x ₹275 = ₹17875. Then calculate how much time it will take for you to complete the work, do add the time taken for corrections and all the meetings and other work like sending invoice writing mails etc.
Are they well to do brand? What are their payment terms etc. Now let us see how to actually calculate a quote for the clientįirst research about the client. So our hourly rate is ₹275 approximately. Let us calculate the hourly price first, here in India we can’t work (at least legally) more than 48 hrs per week so monthly it becomes 192 hrs per month. Now we have got a monthly figure in hand. If we calculate the total of above it becomes ₹26,125 Take into account one extra month of downtime for your business, so let us double the figure ₹52250. let us assume It is around ₹3,000 per month. Most freelancers run their business from home, but it is ideal to take into account these costs. This makes sure that I have some emergency fund to purchase equipment in case something goes wrongĬost of electricity and rent and other office utilities like printing cost etc. Generally people calculate depreciation in account but for the sake of simplicity let us assume I want to replace my equipment after 4 years of use so to have the cost of equipment ready by next 4 years I would put small amount of my profit to this fund. If this seems okay let s note it down.Ĭonsider the cost of your equipment and devices, let us say my computer, scanner graphic tablet, furniture and other electronics etc cost around ₹1,50,000. Do note that this amount includes your cost of insurance health insure etc. Let us say I found that here in India someone is working as an illustrator as a fresher for ₹20,000 per month. How much monthly salary you wish to have? Search for the salary of the illustrator with your experience working for a company.
Pricing your work is really simple process here are the things that you should consider while telling a quote. I just wanted to document this for the new entrants in the field. I know many of us are professional Illustrators and already know this.
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